Tomorrow will be a pretty big day for Apple CEO Tim Cook, finance boss Peter Oppenheimer and Tax Operations head Phillip Bullock as the three men are scheduled to appear in front of the United States Senate Permanent Subcommittee on Investigation and give testimony regarding the company's creative approach to tax avoidance.
Apple ahead of the hearing published a lengthy document on its web site which pushes for tax reform on argument that America's tax system undermines the nation's competitiveness in the "digital economy" because the current tax code was written for the "industrial era." As expected, some U.S. senators beg to differ and think Apple is just being creative in its tax avoidance strategy.
This is bound to get more complicated when Tim Cook & Co. find themselves in hot water explaining to U.S. Senators how the company sidesteps U.S. taxes. Get your popcorn out...